CASES OF SUSPECTED BREACHES OF MINIMUM OCCUPATION PERIOD AND ENFORCEMENT ACTIONS TAKEN

37 Mr Leon Perera asked the Minister for National Development (a) whether HDB plans to enhance its processes to ensure Minimum Occupation Period (MOP) rules are met for advertised properties in light of recent incidents; (b) how many real estate agents including owners of property sales portals have been found to have assisted in the listing of suchContinue reading “CASES OF SUSPECTED BREACHES OF MINIMUM OCCUPATION PERIOD AND ENFORCEMENT ACTIONS TAKEN”

INCLUSION OF DYSLEXIA-FRIENDLY FONT AND FEATURES AS TEXTS IN SCHOOLS

Ms He Ting Ru asked the Minister for Education whether the Ministry has considered using dyslexia-friendly font and features in schools for such texts to be inclusive for students on the dyslexia spectrum. Mr Chan Chun Sing: Students with dyslexia have difficulties matching language sounds to print. However, dyslexia is not a visual problem that can be addressed byContinue reading “INCLUSION OF DYSLEXIA-FRIENDLY FONT AND FEATURES AS TEXTS IN SCHOOLS”

SUCCESS RATE OF APPLICANTS FOR HDB BTO FLAT

Ms He Ting Ru asked the Minister for National Development with regard to HDB’s BTO applications in mature estates in each of the last three years (a) how many applicants are successful in their BTO flat application at their first attempt; (b) what is the median number of attempts for a BTO flat before obtaining a successfulContinue reading “SUCCESS RATE OF APPLICANTS FOR HDB BTO FLAT”

BANKRUPTCY OF CRYPTOCURRENCY TRADING PLATFORM FTX AND IMPACT ON SINGAPORE’S FINANCIAL MARKETS, REGULATION OF SUCH ASSET CLASS AND STRATEGIES OF SINGAPORE’S INVESTMENT ENTITIES

9 Ms He Ting Ru asked the Prime Minister (a) whether MAS will consider leading a specific study into the regulatory lessons to be learnt from the collapse of cryptocurrency exchanges such as Terra and FTX; and (b) whether there needs to be tighter requirements to ensure the stability of regulated cryptocurrency exchanges in Singapore. 10 Mr Dennis TanContinue reading “BANKRUPTCY OF CRYPTOCURRENCY TRADING PLATFORM FTX AND IMPACT ON SINGAPORE’S FINANCIAL MARKETS, REGULATION OF SUCH ASSET CLASS AND STRATEGIES OF SINGAPORE’S INVESTMENT ENTITIES”

TEMASEK HOLDINGS AND GIC’S FINANCIAL LOSSES FROM INVESTING IN CRYPTOCURRENCY PLATFORM FTX

Ms He Ting Ru asked the Deputy Prime Minister and Minister for Finance (a) whether there is a Singapore equivalent of the Norwegian Ministry of Finance’s Council of Ethics for the observation and exclusion of companies from the Norwegian Government Pension Fund Global; and (b) if so, whether the list can be shared and maintained publicly forContinue reading “TEMASEK HOLDINGS AND GIC’S FINANCIAL LOSSES FROM INVESTING IN CRYPTOCURRENCY PLATFORM FTX”

PLANS TO MAINTAIN DYNAMISM IN TECH INDUSTRY AMIDST LAYOFFS

Ms He Ting Ru asked the Minister for Trade and Industry (a) how has the large number of layoffs from tech firms in the last year affected Singapore’s plans to have and maintain a thriving and dynamic tech industry; and (b) what mitigation factors are being undertaken to ensure that this goal remains. Mr Gan Kim Yong: TheContinue reading “PLANS TO MAINTAIN DYNAMISM IN TECH INDUSTRY AMIDST LAYOFFS”

INCREASE IN ELECTRICITY AND FUEL COSTS FOR PUBLIC TRANSPORT OPERATORS YEAR-TO-DATE AND EXPECTED PROPORTION OFFSET BY SUBSIDIES

Ms He Ting Ru asked the Minister for Transport in relation to the additional $200 million in subsidies to cover the increased costs to public transport operators due to the doubling of energy prices (a) what is the increase in electricity and fuel costs for public transport operators year-to-date; and (b) what proportion of the increase inContinue reading “INCREASE IN ELECTRICITY AND FUEL COSTS FOR PUBLIC TRANSPORT OPERATORS YEAR-TO-DATE AND EXPECTED PROPORTION OFFSET BY SUBSIDIES”

DATA ON SINGAPOREANS AND NON-SINGAPOREANS MADE REDUNDANT FROM TECH FIRMS IN 2022

Ms He Ting Ru asked the Minister for Manpower in the first 10 months of 2022 (a) whether the Government has data on the number of Singaporeans who are made redundant from tech firms such as Grab, Stripe, Meta, Shopee and SEA Limited and, if so, how many; (b) what is the median age of the affectedContinue reading “DATA ON SINGAPOREANS AND NON-SINGAPOREANS MADE REDUNDANT FROM TECH FIRMS IN 2022”

IMPACT OF FTX’S BANKRUPTCY ON IMPLEMENTATION OF DIGITAL SINGAPORE DOLLAR AND SINGAPORE INVESTORS AND BUSINESSES

Ms He Ting Ru asked the Prime Minister (a) whether there is an estimated number of Singapore investors who are affected by the insolvency of cryptocurrency trading platform FTX; (b) what is the estimated size of total investments affected; and (c) of these, how many are from retail investors. Mr Tharman Shanmugaratnam (for the Prime Minister): I thankContinue reading “IMPACT OF FTX’S BANKRUPTCY ON IMPLEMENTATION OF DIGITAL SINGAPORE DOLLAR AND SINGAPORE INVESTORS AND BUSINESSES”

TREATMENT OF SINGAPORE BANKS’ CRYPTO ASSET EXPOSURE AND CAPITAL ADEQUACY

Ms He Ting Ru asked the Prime Minister (a) what are MAS’ requirements as to the prudential treatment of Singapore banks’ crypto asset exposure; and (b) what are the risk-weighting requirements applicable to crypto asset exposures in assessing Singapore banks’ capital adequacy. Mr Tharman Shanmugaratnam (for the Prime Minister): Singapore-incorporated banks’ exposures to crypto assets are insignificant, contributingContinue reading “TREATMENT OF SINGAPORE BANKS’ CRYPTO ASSET EXPOSURE AND CAPITAL ADEQUACY”